Calculate the SNAP benefit for the family below A family of five living in Reading, PA. The father works full time (40 hrs/wk) for Amazon at $20/hr. The mother works at a local grocery store 30 hours/week at minimum wage. They have three children ages 6 months, 2 years and 3 years. Their monthly rent is $1500/month. They have $1000 in a savings account, and they own a vehicle worth approximately $1500. The family pays $500/month in childcare costs. Determine the number of people in the household. Determine the household resources or assets. Determine the gross monthly income. Determine the net income. (Income after allowed deductions) Determine if the individual/family meets the work requirements. Are they eligible for SNAP benefits? If yes, go to step 7. If not, go to step 8 If the answer to step 6 is yes, calculate the benefit. If the answer to step 6 is no, explain why they are not eligible.

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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  1. Calculate the SNAP benefit for the family below
  2. A family of five living in Reading, PA. The father works full time (40 hrs/wk) for Amazon at $20/hr. The mother works at a local grocery store 30 hours/week at minimum wage. They have three children ages 6 months, 2 years and 3 years. Their monthly rent is $1500/month. They have $1000 in a savings account, and they own a vehicle worth approximately $1500. The family pays $500/month in childcare costs.
  3. Determine the number of people in the household.

    Determine the household resources or assets.

    Determine the gross monthly income.

    Determine the net income. (Income after allowed deductions)

    Determine if the individual/family meets the work requirements.

    Are they eligible for SNAP benefits?

    If yes, go to step 7.

    If not, go to step 8

    If the answer to step 6 is yes, calculate the benefit.

    If the answer to step 6 is no, explain why they are not eligible.

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